Bank of Marin Bancorp (NASDAQ:BMRC) Short Interest Up 8.8% in September

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 703,200 shares, an increase of 8.8% from the September 15th total of 646,600 shares. Based on an average trading volume of 94,500 shares, the short-interest ratio is presently 7.4 days.

Institutional Trading of Bank of Marin Bancorp

Institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new position in shares of Bank of Marin Bancorp in the third quarter valued at approximately $361,000. Exchange Traded Concepts LLC purchased a new position in shares of Bank of Marin Bancorp in the third quarter valued at approximately $292,000. SG Americas Securities LLC purchased a new position in shares of Bank of Marin Bancorp in the third quarter valued at approximately $122,000. AQR Capital Management LLC purchased a new position in shares of Bank of Marin Bancorp in the second quarter valued at approximately $709,000. Finally, Squarepoint Ops LLC lifted its position in shares of Bank of Marin Bancorp by 39.5% in the second quarter. Squarepoint Ops LLC now owns 36,850 shares of the bank's stock valued at $597,000 after acquiring an additional 10,438 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BMRC has been the topic of several analyst reports. DA Davidson raised Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Thursday, October 10th. Stephens reaffirmed an "equal weight" rating and set a $16.00 target price on shares of Bank of Marin Bancorp in a report on Thursday, June 27th. Finally, Keefe, Bruyette & Woods raised their target price on Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st.

Bank of Marin Bancorp Trading Up 1.3 %

BMRC traded up $0.28 during trading on Tuesday, hitting $22.08. The company's stock had a trading volume of 129,257 shares, compared to its average volume of 77,345. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $23.24. The business's fifty day simple moving average is $20.09 and its 200 day simple moving average is $17.74. The firm has a market capitalization of $359.59 million, a price-to-earnings ratio of 26.60 and a beta of 0.92.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.06 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.13). Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. The business had revenue of $37.12 million during the quarter, compared to analyst estimates of $25.85 million. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that Bank of Marin Bancorp will post 0.47 earnings per share for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Thursday, August 8th. Bank of Marin Bancorp's payout ratio is currently 120.48%.

About Bank of Marin Bancorp

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.